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Hayden Spiess

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Investment salesMichiganNews

RCG Ventures Acquires 167,000-Square-Foot Retail Center in Troy, Michigan 

by Hayden Spiess

Troy, Mich. — RCG Ventures has acquired Oakland Plaza, a 167,000-square-foot retail center located in the northern Detroit suburb of Troy, Michigan. Anchored by T.J. Maxx, Planet Fitness, Michaels, DSW And Kids Empire, Oakland Plaza was 97 percent leased at the time of sale. Other tenants at the property include Target, Dick’s Sporting Goods, Burlington, Kohl’s, Best Buy, HomeGoods, Rally House, American Mattress and Hobby Lobby. Ben Wineman, Patrick Corrigan and Daniel Stern of Mid-America Real brokered the transaction on behalf of the seller, Continental Realty Corp.

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ArizonaGrocery-anchoredInvestment salesNew JerseyNews

Longpoint Acquires Two Shopping Centers in Arizona, New Jersey for Roughly $62 Million 

by Hayden Spiess

Phoenix and Bedminster, N.J. — Longpoint Partners has acquired two grocery-anchored shopping centers — El Monte Shopping Plaza in Phoenix and The Hills Village Center in Bedminster, New Jersey — for $62 million. Longpoint will manage the properties under its recently debuted Lena Centers brand. El Rancho Market IGA anchors El Monte Shopping Plaza, which totals 101,000 square feet. The property was 99 percent occupied at the time of sale. The Hills Village Center comprises 101,000 square feet. Kings Food Market anchors the center, which was 89 percent occupied at the …

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FloridaInvestment salesNews

Marcus & Millichap Brokers $10.1 Million Sale of Retail Center in West Palm Beach, Florida

by Hayden Spiess

West Palm Beach, Fla. — Marcus & Millichap has brokered the $10.1 million sale of Cross County Plaza, a retail center located in West Palm Beach. K&G Fashion Superstore and dd’s Discounts anchor the property, which totals 49,451 square feet. Other tenants at the center include Presidente Supermarket, Ross Dress for Less, YouFit Health Clubs and Ollie’s Bargain Outlet. Douglas Mandel, Zach Levine and Josh Gilbert of Marcus & Millichap represented the undisclosed seller in the transaction and procured the buyer, Pliskin Realty. 

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Investment salesNewsTexas

STRIVE Arranges Sale of 8,022-Square-Foot Retail Property in McKinney, Texas

by Hayden Spiess

McKinney, Texas — STRIVE has arranged the sale of 380 North E, an 8,022-square-foot retail property located in McKinney. The multi-tenant building was fully occupied at the time of sale. Hudson Lambert and Jennifer Pierson of STRIVE represented the seller, an undisclosed local developer, and procured the buyer in the transaction. 

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DevelopmentMichiganNews

Poag Development Group to Complete $1.3 Million Renovation of RiverTown Crossings in Metro Grand Rapids

by Hayden Spiess

Grandville, Mich. — Poag Development Group has announced plans to complete a $1.3 million renovation at RiverTown Crossings, a regional mall in the Grand Rapids suburb of Grandville. Improvements at the property will new landscaping, updates to the parking lot and repairs to the merry-go-round. Macy’s, Kohl’s, JCPenney, Celebration Cinemas and Dick’s Sporting Goods anchor the 1.3 million-square-foot mall. Poag will also work with JLL, which manages leasing at the RiverTown Crossings, to “maximize the potential of the property.”

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Dollar-General
Company newsNewsTennessee

Dollar General to Open 575 New Stores in 2025

by Hayden Spiess

Goodlettsville, Tenn. — Dollar General plans to open approximately 575 new stores in the United States in its fiscal year 2025 (through Jan. 30, 2026). The Tennessee-based discount retailer will also debut 15 new stores in Mexico within that time frame. These new stores will be in addition to 730 new store openings in fiscal 2024, which will end on Jan. 31, 2025. Overall, the company expects to execute nearly 5,000 real estate projects in fiscal year 2025. In addition to openings, this will include 4,250 store remodels and relocating 45 …

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Company newsIdahoNewsOhio

Federal Judge Blocks Kroger-Albertsons Merger

by Hayden Spiess

Cincinnati and Boise, Idaho — A judge in the Oregon federal court has blocked Kroger Co.’s $24.6 billion acquisition of Albertsons Cos. U.S. District Judge Adrienne Nelson agreed with the Federal Trade Commission’s argument that Kroger would become the dominant player in traditional supermarkets if the deal passed, and rejected the companies’ counterargument that selling 579 stores to C&S Wholesale Grocers would replace the lost competition. In a press release issued today, Albertsons announced that it has exercised its right to terminate its merger agreement with Kroger. Additionally, Albertsons has filed …

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DevelopmentNewsTexas

Weber & Co. to Develop 225,000-Square-Foot Shopping Center in Little Elm, Texas

by Hayden Spiess

Little Elm, Texas —Weber & Co. has announced plans for the development of a 225,000-square-foot shopping center in Little Elm, on the northern outskirts of Dallas. Target will anchor the center, which will be dubbed Bates Town Crossing in honor of the family that originally owned the site. Davidson Bogel Real Estate brokered the sale of the land on behalf of the Bates family and has been retained as the center’s leasing agent. A construction timeline was not announced, but Target plans to open by summer 2026.

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CaliforniaDevelopmentNews

ALMQUIST Opens $70 Million River Street Marketplace in San Juan Capistrano, California

by Hayden Spiess

San Juan Capistrano, Calif. —ALMQUIST has opened River Street Marketplace, a new, $70 million retail development located in San Juan Capistrano, roughly 55 miles southeast of Los Angeles. Almost all of the property’s 30 tenants have opened, with the additional openings scheduled for the coming weeks.  Retailers and restaurants at the center — which totals 60,000 square feet — include Free People, Shop Common Thread, Tecovas, Fermentation Farm, Finca, Wildfire Mercantile, La Vaquera, Seager, Pick Me Flowers, May Martin, Mendocino Farms, Toes on the Nose, Salt Optics, CAPO Leisure House, Studio …

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CaliforniaDevelopmentGrocery-anchoredNews

Space Investment Completes $11 Million Renovation of Retail Center in Southern California

by Hayden Spiess

Costa Mesa, Calif. — Space Investment Partners has completed the $11 million renovation of The Ranch at Newport Bay, a retail center located in Costa Mesa. Irvine Ranch Market anchors the property, which totals 60,000 square feet. The renovation project included the expansion of the anchor tenant’s space by 2,500 square feet. Verde recently signed a lease at the center, bringing the development to full occupancy. Other tenants at the property include Nike Training Studio, XPT Studio, Del Mar Wellness, Coffee Dose and Tiny Tooth Pediatric Dentistry. Space Investment Partners acquired …

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